/Not for distribution to United States Newswire Services or for dissemination in the United States/
OTTAWA, ON, March 5, 2026 /CNW/ – Northern Shield Resources Inc. (“Northern Shield” or the “Company”) (TSXV:NRN) is pleased to announce that the $1,000,000 aggregate gross proceeds (the “Escrow Funds”) from the previously announced (see press releases dated December 8 and December 30, 2025) strategic non-brokered private placement of 16,666,667 subscription receipts (“Subscription Receipts”) with Labrador Gold Corp. (TSXV:LAB) (“LabGold”) has been released to the Company following satisfaction of the Escrow Release Conditions.
The Offering
The Escrow Funds were held in escrow pursuant to the terms of a subscription receipt escrow agreement between the Company and LabGold, and the release was conditional upon, among other things, receipt of LabGold shareholder and regulatory approval with respect to LabGold’s change of business (the “Escrow Release Conditions”).
About Northern Shield Resources
Forward-Looking Information
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy of this release.
SOURCE Northern Shield Resources Inc.
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